Black Economic Development Coalition Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 633,458 | 224,754 | 408,704 | 32.9 | 57% |
| 2011 | 631,245 | 766,022 | −134,777 | 8.1 | 30% |
| 2012 | 620,379 | 368,694 | 251,685 | 8.6 | 68% |
| 2013 | 933,299 | 902,437 | 30,862 | 0.5 | 30% |
| 2014 | 585,061 | 611,253 | −26,192 | -1.3 | 55% |
| 2015 | 1,230,172 | 381,618 | 848,554 | 24.6 | 75% |
| 2016 | 377,959 | 798,182 | −420,223 | 5.5 | 32% |
| 2017 | 526,097 | 606,858 | −80,761 | -7.1 | 48% |
| 2018 | 780,241 | 825,934 | −45,693 | -5.9 | 30% |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 3,327,765 | 3,015,650 | 312,115 | -0.2 | 11% |
| 2021 | 1,506,749 | 1,282,057 | 224,692 | 20.6 | 23% |
| 2022 | 791,216 | 946,968 | −155,752 | 25.0 | 25% |
| 2023 | 923,114 | 1,062,639 | −139,525 | 21.1 | 26% |
In its most recent public year (2023), this organization spent $139,525 more than it brought in. Its reserves stood at about 21.1 months of spending, down from 32.9 in 2010. Staff pay was 26% of spending. $2,979 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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